Tezos is growing its five-day winning streak and is trading at $1.16, gaining $0.007.

Tezos goes up to $1.16, having dipped down to $1.14 earlier.

On the flip side, United States Core Retail Sales published yesterday at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.

At the same time, United States CFTC S&P 500 speculative net positions released yesterday at 20:30 UTC with a figure of -307,600, while the previous figure was -321,500.

Tezos USD is 1 cents away from testing key resistance at $1.17. Peaking above this level could inspire market bulls and open the path to further gains. Despite posting gains so far today, Tezos slid below its 3 day Simple Moving Average at $1.14 in earlier trade — an early indicator that a negative trend could be emerging. Tezos's upper Bollinger Band® is at $1.17, this is a slight indication of a slowdown.

Technical analysis of Tezos price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

Tezos shows positive signs, other assets are also on par: FTX Token is up 9.54%. Cardano gained 4.08% and is now trading at $0.455. Chainlink USD is up 3.71%.

On an upward trend for about a month now. Over the past 11 months, Tezos has retreated 64.8% from a noteworthy peak of $3.28.